2024 PE scene in Chicago? Best firms?

Senior in college prepping for on cycle, and realizing I want to be in chicago long term (family, ties, etc). Heading into a top coverage group at BB

Whats the best place to be at in the city. Thinking pure-play PE with good trajectory where I’d stay long-term, good internal mobility, and obviously pay / prestige

5 Comments
 

Based on the most helpful WSO content, here are some insights into the 2024 Private Equity (PE) scene in Chicago and the best firms to consider:

Top Chicago PE Firms:

  1. Madison Dearborn Partners (MDP)
  2. GTCR
  3. Vista Equity Partners
  4. BDT Capital Partners
  5. Linden Capital Partners
  6. Waud Capital Partners
  7. Vistria Group
  8. Wynnchurch Capital
  9. RoundTable Healthcare Partners
  10. Cressey & Company
  11. Water Street Healthcare Partners
  12. Pritzker Private Capital
  13. Shore Capital Partners
  14. Valor Equity Partners
  15. Sterling Partners
  16. Avathon Capital
  17. Wind Point Partners
  18. Flexpoint Ford

Key Considerations:

  • Pay and Prestige: Firms like MDP, GTCR, and Vista Equity Partners are known for their strong compensation packages and high prestige.
  • Internal Mobility: Larger firms such as MDP and GTCR often provide better internal mobility opportunities.
  • Work-Life Balance: While PE generally involves long hours, some firms may offer a slightly better work-life balance. However, it's important to note that even firms with a reputation for better culture, like those in LA, still require significant commitment.
  • Sector Focus: Some firms have specific industry focuses, such as healthcare (Linden, Water Street) or technology (Vista Equity).

Additional Insights:

  • Location Preference: Chicago has a growing PE scene with strong middle-market firms. While NYC has more opportunities, Chicago offers a robust market with top-tier firms.
  • Long-Term Fit: Given your ties to Chicago, focusing on firms with a strong local presence and good long-term prospects is wise.

Conclusion:

For a senior in college prepping for on-cycle recruiting, targeting firms like MDP, GTCR, and Vista Equity Partners in Chicago would be a strategic move. These firms offer a combination of prestige, pay, and potential for long-term career growth.

Sources: Why not Chicago over NYC?, Chicago PE firms (comprehensive list and tiers), Private Equity shops with the best work/life balance, Lifestyle PE Funds in NYC?, My Private Equity Recruiting Process

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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